Financial summary (Group)

 

Income statement NOKm 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
Interest income 3,597 4,031 4,265 4,118 3,928 3,891 3,422 3,462 4,827 3,484
Interest expenses  1,714 2,159 2,475 2,502 2,451 2,499 2,105 2,137 3,477 2,345
Net interest and credit comission
income
1,883 1,872 1,790 1,616 1,477 1,392 1,317 1,325 1,350 1,139
Commision and fee income 1,674 1,545 1,512 1,463 1,139 919 855 756 610 671
Income from investment in related
companies
423 448 527 355 244 248 276 349 393 233
Return on financial investements 521 11 193 147 207 186 133 247 -186 99
Total income 4,502 3,876 4,021 3,580 3,067 2,746 2,582 2,677 2,167 2,142
Salaries, fees and other
personnel costs
1,159 1,093 1,002 914 924 810 583 725 623 583
Other operating expenses 844 838 787 807 730 672 557 528 571 519
Total costs 2,003 1,931 1,789 1,722 1,654 1,482 1,140 1,253 1,194 1,103
Operating profit before losses 2,499 1,945 2,232 1,859 1,413 1,264 1,441 1,424 975 1,039
Losses on loans and guarantees 516 169 89 101 58 27 132 277 202 -6
Operating profit 1,983 1,776 2,143 1,758 1,355 1,236 1,309 1,147 773 1,045
Taxes 341 370 362 388 295 255 260 210 156 200
Held for sale 4 -1 0 30 16 43 -27      
Profit of the year 1,647 1,406 1,782 1,400 1,077 1,024 1,022 937 617 846
                     
Dividend 389 292 292 227 195 190 285 201 116 324

 

Balance sheet NOKm                    
Cash and loans to and claims on credit institutions 4,207 5,677 5,965 5,984 4,091 4,075 2,532 1,260 4,548 3,878
CDs, bonds and other interest-bearing securities 29,489 30,282 27,891 26,358 25,614 21,485 22,948 19,302 12,035 7,246
Loans before loss provisions 102,325 93,974 90,578 80,548 74,943 73,105 69,847 61,782 64,016 59,178
 - Specified loan loss provisions 632 183 172 173 144 172 222 219 215 116
 - Unspecified loan loss provisions 339 376 295 295 295 290 290 289 245 185
Other assets 3,030 2,540 2,080 2,938 3,766 3,251 3,182 2,704 4,540 1,502
Total assets 138,080 131,914 126,047 115,360 107,975 101,455 97,997 84,541 84,679 71,503
                     
Debt to credit institutions 10,509 8,155 9,123 6,581 7,410 9,118 13,062 11,310 9,000 5,346
Deposits from and debt to customers 67,168 64,090 60,680 55,927 52,252 47,871 42,786 37,227 35,280 32,434
Debt created by issuance of securities 40,390 40,569 39,254 36,806 33,121 31,306 29,625 24,070 29,680 23,950
Other debt and accrued expences etc. 1,532 1,734 1,095 1,485 2,070 2,122 1,922 1,876 2,045 2,265
Subordinated debt 3,182 3,463 3,371 3,319 3,040 2,690 2,756 3,875 3,156 2,648
Total equity 15,299 13,904 12,524 11,242 10,082 8,348 7,846 6,183 5,518 4,860
Total liabilities and equity 138,080 131,914 126,047 115,360 107,975 101,455 97,997 84,541 84,679 71,503
                     
Key figures                    
Total assets 138,080 131,914 126,047 115,360 107,919 101,455 97,997 84,541 84,679 71,503
Average total assets 137,060 128,355 117,794 111,843 105,500 98,465 91,317 86,679 75,820 67,202
Gross loans to customers  102,325 93,974 90,578 80,548 74,943 73,105 69,847 61,782 64,016 59,178
Gross loans to customers incl. SpareBank 1 Boligkreditt and SpareBank 1 Næringskreditt 137,535 127,378 120,435 112,283 104,925 95,232 87,665 77,429 71,317 61,910
Gross loans in retail market 89,402 80,725 74,087 68,591 62,587 55,034 49,619 45,157 42,679 38,872
Gross loans in corporate market 48,133 46,653 46,348 43,692 42,322 40,198 38,046 32,272 28,638 23,038
Deposits from and debt to customers 67,168 64,090 60,680 55,927 52,252 47,871 42,786 37,227 35,280 32,434
Deposits from retail market 29,769 28,336 26,496 23,891 22,279 20,860 19,052 17,898 17,566 16,070
Deposits from corporate market 37,398 35,754 34,184 32,036 29,973 27,011 23,734 19,330 17,715 16,363
Ordinary lending financed by ordinary deposits 66 % 68 % 67 % 69 % 70 % 65 % 61 % 60 % 55 % 55 %
Ordinary lending incl. SpareBank 1 Boligkreditt and SpareBank 1 Næringskreditt financed by ordinary deposits 49 % 50 % 50 % 50 % 50 % 50 % 49 % 48 % 49 % 52 %
                     
Capital adequacy                    
CET1 Capital 13,229 12,192 10,679 9,374 8,254 6,687 6,177 4,938 4,356 3,291
Core capital 15,069 13,988 12,382 10,989 9,357 7,856 7,286 6,730 4,967 3,703
Primary capital 17,185 16,378 14,937 12,417 10,943 9,055 8,646 8,730 7,312 5,560
Risk weighted volume 88,788 89,465 95,317 84,591 82,446 75,337 66,688 64,400 61,538 47,775
Minimum requirements subordinated capital 7,103 7,157 7,625 6,767 6,596 6,027 5,335 5,152 4,923 3,822
CET 1 Ratio 14.90 % 13.63 % 11.20 % 11.08 % 10.01 % 8.87 % 9.27 % 7.67 % 7.13 % 7.41 %
Core capital ratio 16.97 % 15.63 % 12.99 % 12.99 % 11.35 % 10.43 % 10.93 % 10.45 % 8.07 % 8.41 %
Capital ratio 19.36 % 18.31 % 15.67 % 14.68 % 13.27 % 12.02 % 12.97 % 13.56 % 11.88 % 12.06 %
Leverage ratio 7.42 % 6.69 % 6.03%               
                     
Cost/income ratio 44 % 50 % 44 % 48 % 54 % 53 % 44 % 47 % 55 % 51 %
Losses on loans 0.39 % 0.14 % 0.08 % 0.09 % 0.06 % 0.03 % 0.16 % 0.31 % 0.21 % -0.01 %
ROE 11.3 % 10.7 % 15.1 % 13.3 % 11.7 % 12.8 % 14.6 % 16.2 % 11.9 % 18.9 %
Growth in lending (gross) 8.0 % 5.8 % 7.3 % 7.0 % 10.2 % 8.6 % 13.2 % 8.6 % 15.2 % 17.2 %
Growth in deposits 4.8 % 5.6 % 8.5 % 7.0 % 9.2 % 11.9 % 14.9 % 5.5 % 8.8 % 7.6 %
Number of staff 1,328 1,298 1,273 1,238 1,216 1,153 1,117 1,108 1,062 1,017
Number of FTEs 1,254 1,208 1,192 1,159 1,135 1,109 1,035 1,017 973 940
Number of branches 48 49 49 50 51 54 54 55 56 56

Net profit and return on equity

Net profit and return on equity2

Capital ratio

Capital ratio

 

 Loans and deposits (NOKbn)

Loans and deposits2

FTEs

FTEs

 

 Loan losses

  Loan losses

 

Dividend and profit per ECC (NOK)

Dividend and profit per ECC (NOK)

 

Annual report and notes

© SpareBank 1 SMN